China sets yuan midpoint at 28-month high after Joe Biden wins presidency

After 398 past bullish macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (56% higher; middle half -0.3% to +0.5%), and +0.0% over 20.

• Feb 20, 2020Yuan falls to over 2-month low as China cuts lending benchmark | Financial Post+0.3%
• Nov 9, 2020For investors, China's yuan is the big winner from Biden victory | Financial Post-0.4%
• Apr 21, 2022China's yuan slides to 6-month low as tightening prospects help dollar | Financial Post+2.2%
• Apr 1, 2021China's yuan dips as Biden infrastructure plan lifts dollar | Financial Post-0.2%
• Mar 20, 2023China's yuan eases after reserve ratio cut; Fed decision in focus | Financial Post-0.3%

After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.

• Nov 9, 2020For investors, China's yuan is the big winner from Biden victory | Financial Post-0.1%
• Apr 22, 2021China's yuan nears six-week high as U.S. yields ease | Financial Post-0.3%
• Nov 11, 2022Dollar loses shine, yuan jumps after China modifies COVID protocol | Financial Post-0.7%
• Mar 18, 2021China's yuan hits 1-week high, but rally slows as Sino-U.S. meet looms | Financial Post+0.4%
• Jun 1, 2021Dollar steadies, yuan slips after central bank moves to limit gains | Financial Post-0.2%